Perfect Storm
John Lekas – CEO and Senior Portfolio Manager May 1st, 2023 US Average Hourly Earnings Yearly Percent Change We believe the inflation we are seeing in the CPI and elsewhere will persist well into 2024. As we have stated in…
Walking in The Mud
John Lekas – CEO and Senior Portfolio ManagerJanuary 30th, 2023 2023 won't be the beat-up of 2022, but we believe it will be like walking in mud: slow, arduous, and no easy sprints. So Goes January, So Goes the Year.…
Rates Higher for Longer
Rates Higher for Longer John Lekas – CEO and Senior Portfolio ManagerNovember 23, 2022 Interest rates will be higher for longer in our view and conversely, the market will be in the doldrums for longer. “Do not fight the Fed”.…
Bull Market or Bear Rally
John Lekas – CEO and Senior Portfolio ManagerSeptember 30th, 2022 We believe the markets giving back most of the pandemic trade. Earnings could potentially prompt higher unemployment as companies try to keep earnings from declining. In our opinion, the U-3…
2008 Redo!
John Lekas – CEO & Portfolio ManagerAugust 31st, 2022 Most people can’t remember back to 2008 when Floating Rate Funds seized up and dropped 50% and closed their funds for redemptions. This could happen again! Most investors still have not…
Unemployment, Fed, and The War
John Lekas – CEO & Portfolio MangerJuly 29th, 2022 Three things are driving the market between now and 1/1/2023. 1. Unemployment (most important)2. The Fed3. The War & Policy Unemployment (Most Important) The negative correlation between unemployment and equity markets…
My Trip to the Store – Will Small Businesses Fail in 2022-2023?
John Lekas – CEO & Portfolio ManagerJune 29th, 2022 Last Sunday I went to get hanging plants at Fred Myer supermarket. The open gate at the Garden Center was locked which is unusual so I inquired why? The gentleman explained…
Market Outlook 2022
1.19.2022 False Alarm We believe the fed will not raise rates this year more than two times. It’s not necessary and it’s an election year. Our Reasoning is as follows: We believe raising rates 4 times or more will lead to…